Dai is a crypto asset operating on the Ethereum blockchain. It aims for a value of 1 DAI = 1 USD, backed by various crypto assets including ETH. Issuance and price stabilization of DAI is conducted through smart contracts developed and operated by MakerDAO, a decentralized autonomous organization.

This crypto asset serves a wide range of use cases in decentralized applications, enabling value storage, exchange, investment, borrowing and lending.